VAT Penalty Rules
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VAT
What the New VAT Penalty Rules Mean for UK Businesses in 2025
July 16, 2025
Starting 1 April 2025, HMRC introduced penalties for late VAT payments under Schedule 26 of the Finance Act 2021. This is a significant change that has been incorporated by HMRC so far for VAT payments. The main objective of such changes is to tighten compliance, reduce the tax gap, and encourage on-time payments. What Exactly… View Article
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